Tesla Continues Its Decline, BYD Surges Ahead As Electric Vehicles Exceed Gasoline Market Share In Europe

Market Overview - Electrified vehicles have surpassed gasoline vehicles in market share within the European auto sector [1] - Gasoline registrations in the EU dropped by 18.7% in 2025, with market share falling to 26.6% from 33.3% the previous year [2] Electrified Vehicle Performance - Hybrid Electric Vehicles (HEVs) accounted for 34.5% of the market, while Battery Electric Vehicles (BEVs) held 17.4% in 2025, with BEV sales reaching 1,880,370 units, a nearly 30% increase year-over-year [3] Company Performance - Tesla Inc. experienced a decline in sales, with December sales at 35,280 units, down 20.2% from 44,190 units the previous year, and annual sales dropping almost 27% to 238,656 units in 2025 from 326,525 units in 2024 [4] - BYD Co. Ltd. saw a significant increase in sales, with December sales up 229.7% to 27,678 units compared to 8,395 units in 2024, and year-to-date sales reaching over 187,657 units, a 268.6% increase from 50,912 units last year [5] Market Position - BYD has become the world's largest EV maker, surpassing Tesla for the first time last year, and Chinese automakers captured a record 12.8% market share in Europe [6] - However, BYD's domestic performance in December showed an 18.34% year-over-year decline, with 420,398 units sold [6]